He will lead the firm’s global public policy function and related business and legal activities.
In addition Wetjen will also work in partnership with Andrew Douglas, CEO of DTCC’s European Trade Repository, in Europe and Asia as it looks to continue its outreach to policymakers in the regions.
Wetjen will join DTCC at the end of the month, reporting to Larry Thompson, vice chairman and general counsel.
“We are delighted to welcome Mark to DTCC as we continue to grow our role as a resource on how financial market utilities can help achieve the risk mitigation and transparency goals of policymakers,” says Thompson.
Wetjen previously served as a commissioner for the US Commodity and Futures Trading Commission (CFTC) from October 2011, before resigning last month.
“It was important for me to join a company that shares this commitment and that will continue to be a leading voice in support of policy designed to enhance the stability of the global marketplace,” adds Wetjen.